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law. this time the pep rally had no pep. a new report says about a third of all the obama care enrollees may not be enrolled. that's the reported failure rate on the so-called back end information that is sent to insurance companies. in other words, thousands of the nation's fast food workers are set to strike tomorrow. they want a $15 minute wage but don't they know that would essentially kill theiras the move to automation moves ahead. which country is the most charitable? it's the good old usa and thanks to free market capitalism. i will explain all those stories and much more coming up on the kudlow report beginning right now. >>> good evening, everyone, i'm larry kudlow. this is "the kudlow report". we're here live 7:00 p.m. eastern, 4:00 p.m. pacific. it's getting harder and harder for grab to put a happy face on obama care. new problems keep popping up every day. maybe that's why the president seemed so subdued at an even if meant to rally the troops. eamon javers has all the details. >> reporter: good evening. it was billed as a speech beginning a three week push here b
dying of liver and heart disease. >> in medicine, we have turned the laws of supply and demand upside down. >> what do you mean? >> supply drives its own demand. if you are running a hospital, you have to keep that hospital full of paying patients in order to, you know, meet your payroll, in order to pay off your bonds. >> so the more mri machines you have, the more people are going to get mri tests. >> absolutely. >> well, there are people that would argue this is great medicine that tested for every conceivable possible malady you might have. >> the best care may well be staying home with the trial of a new medication rather than being admitted to a hospital where you can be exposed to a hospital-acquired infection. we have a system that rewards much, much more care. >> in almost every business, cost-conscious customers and consumers help keep prices down but not with health care. and that's because the customers and consumers who are receiving the care aren't the ones paying the bill. >> the perverse incentives that exist in our system are magnified at end of life. >> david walker
know ply of k through 12. about 40 states in the u.s. have charter school laws. i think every state should have charter school laws and allow people to come in like basis, really start from scratch, copy the best techniques in the world, and then move forward. that that sort of competition will drive the public schools to improve their teaching. >> michael, craig, tyler mathisen at cnbc headquarters. you have used the word several times accountable. michael, you said holding students accountable if they don't measure up. craig, you talked about systemic accountability of teachers, administrators and so forth. what in real life, real world pract does that mean? michael, does it mean if a kid doesn't succeed on a test, that you kick them out if he fails repeatedly? craig, does it mean that you have more firings of administrator and teachers if the system isn't stacking up right? >> michael, you first. >> well, we can't kick students out. it's a public charter school. as long as students want to stay, they can stay. but, we make sure that they know what the material -- they master the
. in fact, it's the law. full-time workers in france are guaranteed at least five weeks vacation and a maximum 35-hour work week, with no paid overtime allowed. and not everyone is thrilled about working even 35 hours. >> the aim is to keep your job without working. >> welcome to 60 minutes on cnbc. i'm leslie stahl. in this episode, we'll examine our relationship with work. how much is too much, too little, and who should decide? but before we look at the hours we spend on the job, we'll look at how employers tried to influence the way their workers act off the job. as morley safer reported in 2005, that cigarette or drink at home, that political candidate you supported, even your eating habits are coming under the scrutiny of your employer. if your boss doesn't approve, it might even cost you your job. >> anita epolito and cara stiffler were considered model employees at weyco, an insurance consulting firm outside of lansing, michigan. anita, 14 years on the job, cara, five. they sat side by side, sharing workloads and after work the occasional cigarette. but at a company benef
the taxpayer have to bail them out? >> insurance is about the law of large numbers. you have to spread risk over space and time. and what's happening here is so few people are enrolling right now you can't spread that risk and if the young people do not enroll, it doesn't work with the cost. so that's the real issue here. >> hadley, you know, let's not forget also that this is not the only payment from the federal government. right? there's subsidies to make it more attractive to buy these insurance packages. okay. and those subsidies run through the insurance companies. so they're going to get a little vigorous out of this before it's said and done. why are we singling out and helping so much this industry? >> you know, it's interesting. president obama was against the individual mandate before he was for it. >> right. >> many supporters of the affordable care act thought of insurance companies as the big bad villains in our health system before they're now in favor of supporting them or propping them up through these risk corridor payments and the subsidies in the exchanges. it's an inter
're seeing the lowest price since august of 2010, we're also noticing that there might be some tax law selling going on, as a lot of investors look at the profit they've made, and they want to offset their capital gains. how do they do that? they sell the losers. back to you. >> okay. sharon, thank you very much. let's check out the interest rate market right now with rick. we've had the global bond market sell off overnight, pushing up to about 2.80% on the ten-year today. >> it does indeed. that's even despite the notion that there are six, yes, a half accident buyback operations this week. but that didn't make a difference. you can see, as sue pointed out, rates going up. haven't closed a 280 handle since the 20th of november. foreign exchange? i see the dollar index is up. the dollars versus the yen, definitely moving up, but there's one fly in the ointment. whether it's against the euro or the yen, the pound seeps to be king of late. these are some of the best levels in 26 months. back to you, sue. >> okay. rick, thank you so very much. >>> well, the richfield very confident, appa
the state law that allowed that, call it basically a bald faced takeover of the city's finances and the city's democracy, but that he says is not necessarily an issue in the case. the issue is that of good faith bargaining. that's the key, that's coming up, and we're monitoring it. back to you. >> scott, we'll come back to you as the minutes unfold. >> it's a well known fact that december or at least the last week of december is on positive for equities. but what is ahead for ipos for the rest of the year. >> reporter: simon, 2013 has been a strong year for the ipo market. according to renaissance capital, 209 deals have price thundershower yepriced this year. from now to year end nine ipos are expected to price in december seeking $4.6 billion in total proceeds. this would put 2013 on track for the most ipos in six years. some of the notable companies expected to ipo this month include catch mark, timber trust, aeromark holdings and hilton world wide. hilton is expected to be the biggest ipo raising 2.2 to $2.4 billion, expected to go public under the sticker symbol hlt. there are plenty of
cancer patients, may be worse off because of the new law. >>> and sticker shock. deductibles are skyrocketing and that means huge out-of-pocket posts. and then get this -- 70% of doctors in california won't play in obama care. >>> also tonight, very senior, highly placed republican house source in washington, d.c. tells me the budget deal is close but the sequester will not survive intact and there will be a revenue package. >>> and finally, the fight for economic freedom gets even more intense overseas. look at this statue of linen toppled. this fight is not going away. all those stories and much more coming up on "the kudlow report" beginning right now. >>> i'm larry kudlow. this is "the kudlow report." first up tonight, a report that a majority of california doctors, as many as 70%, are staying off the state's obama care exchange because they can't afford to participate. that simple. and obama care, listen to this, it's offering medicaid reimbursement rates. look, around the country a medicare pays $76 for a return patient visit. that's medicare around the country. in cali
, which was the public view portion of it, which is one of the last remaining law that you're not supposed to do. >> how would you argue it has changed the washington economy, for better i assume? >> currently we don't have retail stores. we'll have licensed shops and grows in about six months. so the economy hasn't greatly changed that much at this point. but it will. the state predicts we'll have at least $250 million coming in from tax revenues from this. so most of that is going to be going to health care and early learning, things like that. >> it will significantly change the economy in the next six months. >> you got the seahawks going for you and this. dress warm. >> exactly. >> thanks, ben. >> thank you. >> during the middle of that interview, somebody said with great authority when you're stoned, you don't feel the cold. i don't know if that helps at all. >> the u.s. economy added 203,000 jobs in the month of november. are we moving closer to the fed taper? chief economist jan hatzius is here after this quick break. [ music transitions to rock ] make it happen with the all-new fi
the different parties were cleared by the french stock market regulators four years ago. under the french law, they could face sentences of up to two years in jail and the maximum fine of 1.5 million euros, which for a company the size of legarde is quite limited. ross. >> we'll see what happens. stepha stephane, for now, thank you. >>> the british prime minister is traveling to shanghai on day two of his visit. his comments are seen as paving the way to ensure successful business meetings with chinese investors. andrew leung is founder of andrew leung international consultants joining us now. what is the perception of british government in china compared with, say, germany or france? >> well, i think the impression is quite positive. you can see what's happening on china's twitter. david cameron is very, very popular and, of course, the uk and london hold special attraction for the china's middle class. this is the middle class as far as investment from europe and the uk. that's the interesting area in china. where things are changing so rapidly. so the press has been talking about china inv
think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a different fund if you need to. take the loss, put it in your pocket if you don't need it and carry it forward. tax law accounting is huge in investing. >> we've been out of the muni market for the past 14 to 15 months when munis started getting back over 5% we've been a buyer. we've been aggressively buying municipal bonds. >> rob morgan any opinion on that before we go, quickly? >> absolutely. i think having a portfolio for individual investor tilted more toward short end and rising rate environment makes sense. i think detroit bankruptcy spells trouble more for retirees on pension plans more for than m
, and this will be treated as law, was deeply flawed on the cftc's part. more details on that, kelly and bill, as we get them. we understand this suit has just been filed or will be imminently. it's certainly big challenge to see cftc chairman gary gensler in his final weeks of the job. >> all these countries, whether it's u.s. or europe, trying to move to indrese regulation but all these banks exist in so many jurisdictions. who do they have to listen to? what happens when rules conflict? a big financial trade association is pushing back to that ability to extend regulation beyond the u.s. >> we have a guest coming up we'll talk about that issue. >> heading toward the close. 50 minutes left in the trading session. the dow was down about 125 points at the low. we've come back. down 60 right now. it is our fourth consecutive down day here. >> and some new housing numbers out today. sales surging but a new bag of trouble could be brewing in the mortgage business. that could change the sales story in a hurry. >>> the winter chill can be a very good thing for retailers. courtney reagan will be here to tell us wh
the law? >> well, you are according to u.s. regulators. >> well, if you're not breaking the law, i think it's -- >> you are breaking the law in the united states. >> so regulators have what right to know that you have a bank account? >> look, i think the global financial system is getting more and more tied together. you need to be able to reach to all places. you can't have pockets where you're hiding things, particularly in an era of terrorism. you can funnel funds back and forth. that's a huge issue. although the u.s. hab coming after this from the tax perspective. >> but, becky, is regulation catching up with globalization? >> exactly. >> the finance and business globalized regulation did not. so this ability to move capital around means that government really can't keep up with it unless you have rules like this, which is no secret bank accounts. >> right. >> you know the true zealot on the anti-taxation side of things -- and no one wants to break the law. there's tax avoidance and there's tax evasion. >> you're riding things in a swiss bank account and makes sure no one knows about
another raft of new problems with the health care law to report today. that includes what looks a bit like a bailout for the insurance companies. i don't like that if it's true. crony capitalism is not good. we'll look at it later on in the show. for now, please don't forget, free market capitalism is the best path to prosperity. just get rid of the tax and regulatory barriers to growth and we'll be all better off. "the kudlow report" is coming right back. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease the 2014 e350 for $579 a month easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get sp
but unclear whether it's a true quid pro quo or whether it gets you in the room. >> the law that it would violate, no one's actually -- even "the new york times" was afraid to say it was violating any law. it would be a bribery law. is it a bribe to -- not that you can do business in china without bribes. is it a bribe to hire someone's son or daughter -- >> not clear to me. that's why i said, it has to be organized as a quid pro quo. >> if it's secretive, if there's things that people don't want to be known about it, i think that's a different situation. >> i think they did do it that way the way they did the spreadsheets. now they're saying they did the spreadsheets because they thought people were not really being truthful. they said they were bragging about the revenue and they wanted to see if it was real. >> i don't know. >> i think it's a tough case to make but i also think there are things you wanted to hide, if there's something secretive you didn't want to be known. >> it wasn't like the people were being not paid on the regular employee rolls or that they were working but then
? >> reporter: the grace period is defined in the law in the beginning as you've pointed out, that the fine is so small for basically defying the obama care law, at least in year number one for most of these lower income mostly young people, that that's their disincentive. the argument is not, you better sign up because you have to pay this big fine. it's, you better sign up because now you can get coverage because you run your motorcycle off the road because you don't think you're going to get sick. but young people are looking at this -- insurance companies will tell you that you can't be the brunt of late-night talk show humor, meaning obama care, and also have the people who watch those shows say, boy, i better hurry and sign up. we have no idea now. and the trends aren't good. >> thanks very much, steve. we appreciate it. the question is, will the back-end insurance errors derail the small amount of enrollments that have been completed? paul, front end, are you satisfied with what happened in the front end? before i get to the back end, front end, november, where are you on this? >> th
, but to no smoking laws-- laws that have hurt big tobacco's bottom line. >> my take-home message from that is that these products have been developed for smokers to have a way to get their nicotine fix until they can get to the place where they can have their next cigarette. that is not going to help people stop smoking. [ticking] >> are smokeless products targeted at teenagers? you pulled together a group of high school students to discuss orbs. what did they tell you? >> one, it looks like candy. and who is candy made for? who is attracted to candy? we are, kids. >> when 60 minutes on cnbc returns in a moment. ♪ ♪ ♪ [ female announcer ] with five perfectly sweetened whole grains... you can't help but see the good. avo: thesales event "sis back. drive" whole grains... which means it's never been easier to get a new passat, awarded j.d. power's most appealing midsize car, two years in a row. and right now you can drive one home for practically just your signature. get zero due at signing, zero down, zero deposit, and zero first month's payment on any new 2014 volkswagen. hurry,
, congressman? >> we're engaging now. but here's the problem. the law is the law. this notion that, well, you just don't care. >> then you won't say -- then the obama -- you would say the obama administration doesn't care about this woman, right? >> i am telling you that the law they passed and promoted is not working for average people. it's causing huge disruption and harm and anguish for these people. we ought to fix that. and one of the ways you can do it is not just say we don't care, damn the torpedos, full speed ahead. >> that's kind of what we're seeing happen, though. >> well, absolutely. >> i'm with you on that, both sides, sort of, there's so much partisan backdrop to the whole thing. i don't know if anyone's thinking about the actual individuals that are being affected by this. >> i disagree. we argued from the -- you're going to impact individuals. they said, listen, we're going to help 15% of the population and ruin it for 85. we said that upfront. said this is going to be -- >> and the democrats would say, you want the law to go by the wayside and not cover the -- you don't car
anything in a law that produces a round of applause. and that's the problem with health care. both sides are trying to produce a round of applause. but at the center of this law is an attempt to establish individual marketplace. that's what it's trying to do. and when you establish an individual marketplace, there's going to be substantial change for all of us. but when the president gets up and says, don't worry if you got the insurance policy, you're not going to have to change it, that wasn't true. >> so it was sold -- the marketing was flawed. >> but when the republicans say all we've got to do is tort reform and let people sell across state lines, that also isn't true. we need to have substantial -- if you want to get costs under control, we have to have a substantial amount of change. >> but the -- the change that was put in place wasn't necessarily put in place to change the cost curve. i mean, that's part of the problem, you had two problems. one was uninsured people, one was the cost curve, and a lot of obama care deals with making sure millions of people are going to have insur
are outright dangerous, at least until the end of the year. this is tax law season where investors sell their losers to offset the gains they made. and people got gains galore. at a moment a few stacks are down, selling ibm and cat could be particularly brutal. once we get to 2014, there will still be plenty of more long-term problems here. ibm is being challenged by the cloud. its business is not in tune with the simple inexpensive nature of cloud computing. the whole watson thing, the race for the most powerful, analytical computer means nothing in this day and age. won jeopardy, sold. many companies provide excellent data analytics. you don't need ibm. ibm offers the fabled one-stop shop. but again, increasingly going a la carte, something we saw with dream force, a celebration of everything that ibm is not. accused ibm as being irrelevant and not offering companies anything close to a bargain. heavy hardware, big iron, no thank you. meantime, ibm spends much of its cash free throw flow buying back stock. it's a giant cyclical company without any real growth at all. i have to tell yo
another pep rally today for his ev ever faltering health care law. this time the pep rally had no pep. a new report says about a third of all the obama care enrollees may not be enrolled. that's the reported failure rate on the so-called back end information that is sent to insurance companies. in other words, thousands of the nation's fast food
they think about free market capitalism? we'll be right back. >>> so this law is already making a difference for millions of young people and it's about to help millions more. about half a million people across the country already are poised to gain coverage on january 1st. some for the very first time. >> all right. welcome back to "the kudlow report." that, of course, president obama on his obama care marketing blitz, leading up to the fast approaching december 23rd sign-up deadline. now that's a mere 18 days away. now, here's the fact. enrollment needs to double by december 23rd, just to hit obama's half million mark. and another fact, to date, it is estimated that some four to five million americans have had their current health care policies canceled. a lot more folks will have lost health insurance than have gained it under obama care. that looks like the forecast. anyway, let's talk. we have democratic strategist steve mcmahon and emily miller, "washington times" opinion page senior editor. emily, go to you first. welcome. thank you for coming on the show. by the time we get to that w
called ceo certification. this means if a bank's trades break the law senior management takes the blame. jack lew said the right, quote, tone at the top creates a culture of compliance. it's not the first time regulation is put in executive on the hook. the exchanges require managers of broker dealers to attest they have the appropriate trading supervision. sarbanes-oxley requires management to submit an end of-year report certifying the company's financials. the sec settled with fifth third over faulty accounting on commercial real estate loans. the settlement named dan poston because he signed that certification. neither admitted or denied wrong doing and poston is still employed at fifth third but the question is a lot of executives i talked to say having this hierarchy in the volcker rule is unfair because they can't know everything that happens on a trading floor. i know cantor complies with the rules on the exchange that have you as test to the supervisory controls. do you find this to be an effective tool and do you find it to be a fair one? >> you know, from our perspective we'r
, december is a cruel month for losers and the tax law selling that i think are turning could be brutal here from now until year end and then it clears up. mdr is for me. stay with cramer. >>> coming up -- digital dollars. your cash is moving to the cloud and a new crop of companies are helping to transfer money around the world. but as more dollars are distributed online. cramer's got the play. [ male announcer ] here's a question for you: where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> we're an interactive show here. on monday i got a call from cody in florida. wanted to know what is happening with the downward sled ride in xoom, the billion dollar company that's basically an online money transfer service. i said i wasn't sure. i've got to take a closer look. xoom came public back in february. shot up immediately 21.50 on the first day of trading, for a while, a pretty darn good year, ran up as high as $3
slowly and into weakness. remember, december is a cruel month for losers and the tax law selling that i think are turning could be brutal here from now until year end and then it clears up. mdr is for me. stay with cramer. >>> coming up -- digital dollars. your cash is moving to the cloud and a new crop of companies are helping to transfer money around the world. but as more dollars are distributed online. cramer's got the play. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fe
-existing conditions, especially cancer patients, may be worse off because of the new law. >>> and sticker shock. deductibles are skyrocketing and that means huge out-of-pocket posts. and then get this -- 70% of doctors in california won't play in obama care. >>> also tonight, very senior, highly placed republican house source in washington, d.c. tells me the budget deal is close but the sequester will not survive
in this gray area of law and science, and there are plenty of patients eager to follow the trail he's blazing. the ones we talked to in las vegas, all eager to remain young and vital, consider this a lifestyle choice, and they're prepared to roll the dice. you aren't concerned that five years from now, somebody might do a study and find out that this regimen accelerates the growth of cancer cells or causes diabetes? >> well, that's happened with prescriptive drugs. i mean, has it not? so this is any-- in any field you're doing this. they're taken drugs off the market because of this. >> so you'd rather feel better now while you're living your life than worry about the possibly downside 10 or 15 years from now? >> you could get killed on the interstate tomorrow. i mean, my goodness. i mean, it's-- you have to weigh risks and rewards. you do that every day in life. you do it when you get up in the morning. >> are you sure, are you absolutely positive, absent any scientific studies, that the treatments that you're giving now won't prove to be detrimental to someone's health five, 10, 15 years fr
of law. >> well, the detroit decision obviously was sad for the people who came to depend on pose those pensions but it's good for democracy. you can't have in a city or town, cronies getting together and awarding themselves fat pensions they don't pay for and having the liability then become the liability of people who were not even party to the bargain. in this case, if the judge had upheld the pensions, ultimately they probably would have become the liability of people all across michigan who had nothing to do with setting these liabilities in the first place. so the decision does tell cities that you have to be responsible when setting pension promises and if you aren't responsible, you can look forward to something like this where you have to default. >> now let's look in the rear view mirror. what are your opinions on how detroit ended up in bankruptcy? >> well, detroit is a remarkable story of urban decline. it's lost three-quarters of its population. it's a big empty place. i don't think that was just some kind of natural industrial revolution. you think about the car industry s
overall tremendous tax law selling, tremendous capitulation. we saw this at the end of the second quarter with gold. just an absolute rush to the exits, quarter end rebalancing is a phenomenal time for investors to take advantage of capitulation. and that's what we're seeing with gold. >> okay. so, what you're saying, in other words, they take one of the few underperforming assets of the year. it's kind of its own idiosyncratic story, but is that it for gold? are we going to fall below 1200 here? >> no. i think this is a classic capitulation, a fear moment, where you have a lot of quarter-end rebalancing. a lot of pms have to -- you have risk manager tapping yourself on the shoulder. anyone who's taken professional risk, i've been there, the risk manager comes in, taps you on the shoulder, you have to cut the position in half. so i think in the first quarter, i think after january 1st there's going to be nobody left to sell gold and, say, coal names and gold names. both of those sectors are completely decimated. >> often there's a relationship between what's happening there between the em
tech companies, teaming up in hopes the government will reform practices and laws regulating surveillance of individuals. it comes on the heels of leaked documents that show surveillance of users through online games datinging back to 2008. this has been going on for five year? >> yeah. one of the interesting things about this call for surveillance reform is who's not signed on. no apple, no amazon on other big names in the digital economy on here. so that's interesting. but also here, over the months there's been a shift in attention. everybody was concerned about china, right, google versus china, microsoft had issues. but there's this broader conversation. file like they don't want to point their fingers directly at u.s. government because that's uncouth but people in silicon valley ticked off about the nsa surveillance, what's happening as far as tapping data at the source. i mean the methods that have been used to get this information, they're unhappy about it, looking for change. >> the defense, though, during the beginning of the nsa surveillance leak back in june, we
in development of this body of law and understanding how investors relate to one another vis-a-vis their claims against this bankrupt debtor, the city of detroit. >> i mean, this comes as we've seen a huge new investment in mu ni bonds from the likes of hedge funds. those who support this say, look, this will lead to greater trading, more transparency bond pricing and sort of a greater discipline on government. do you believe that and how are those investors going to react to detroit? >> well, the $4 trillion municipal bond market is really an interesting amalgamation of different types of investors. one note that we are all aware of is that there is less participation by sophisticated institutional investors who don't have a benefit from the tax exemption that we enjoy here against u.s. federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased
roof and the same with in-laws. i don't know if you ever stayed with in-laws or with mom and dad, right. >> that's been argument for a whi while. if you can, you will get out. although i don't know, we'll see the latest gdp number revised, showed it came down a little bit from construction, i believe. >> i know. and there's people in the near fix. the number is good. under 300. there's a boom happening in some parts of the country. most people okayed in texas. you start to see a pattern. this oil and gas revolution that we're talking about every day, it's starting to appear in the numbers. >> which has not happened so far. a big nice people in "the washington post" about why oil and gas has not been a big jobs driver. >> not yet, but mohawk just announced expansion of plants in dalton. i mentioned that only because you're starting to see jobs being created in the southeast. some people in texas would say, jim, look at the map. but what i see is that it's beginning. this is the largest construction project for our country, starting to really see billions and billions of dollars needs to
spoken in a big way in that regard, lindsey. i believe both current law in dodd/frank and what happened to these people who were elected officials who are no longer elected will play a big role in stopping the next bailout. >> michael? >> i agree with lindsey. we don't want government in this role, period. but when we do have a very real situation that looks like too big to fail across banks and other industries we go through what we went through, the result really wasn't that bad. i don't think goth should be in this role and i don't think we've done anything to fix it. the banks are bigger other things are bigger. we'll have to do it again if we get there again. >> they're trying to write legislation to keep the fed from being able to exercise -- >> that's right, kelly. >> does it make sense? >> there's also more capital, michael. >> yes. >> a lot more regulation for better or worse. i would think given the capitalratios of some of these banks we're away from a t.a.r.p.-like situation -- >> although history after the fact is not that encouraging. we'll leave it th
Search Results 0 to 34 of about 35 (some duplicates have been removed)